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states are in worse shape collectively in the federal government and the year rose own economy. we might not be in worse shape than greece but when you take germany and everybody else and put them in one community we are in worse shape than they are and we get the benefit of the doubt. we are the safe haven and people think that everything is okay because they know that we aren't going to defend because you can print money. when they realize printing is worse than defaulting because the potential for the loss is even greater then we are going to see a big spike in the interest rates and that is when we have our crisis because either the fed allows the rates to go up, and who knows how high they might have to go. let's say 10 percent in order to stop the implosion of the dollar and put an end to inflation. if we have a $20 trillion national debt when that happens that would require us to shell out $2 trillion a year of interest payments. where are we going to get that? that all of the tax. >> you mentioned the creditors. who are the creditors? especially for the united states rig
states are in worse shape collectively in the federal government and the year rose own economy. we might not be in worse shape than greece but when you take germany and everybody else and put them in one community we are in worse shape than they are and we get the benefit of the doubt. we are the safe haven and people think that everything is okay because they know that we aren't going to defend because you can print money. when they realize printing is worse than defaulting because the...
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>> well,, you know, i like the core metaphor in describing the economy and the interaction of the economy and the society is reinforced. and when we go the rain forest whether it's the pacific northwest or amazon, you have the sense of life around you. the complexity. that's what human society is. right. the rain forest is a self-regulating environment. when we put regulations in we put government regulations in. part of self-regulation. when we self-regulate ourself we create rules for ourself that's self-regulation. we do it through competition. scarce resources. the map thing that keeps the rain forest vibrant is you have the canopy, which in the u.s. economy would be the big firm. the ge, the gm. the walmart all of that. you have the scruff, the small business. but it's the small and growing. it's the things that were small but can challenge the big. it's what happens when the big tree falls over. we have been to the rain forest. the amazing thing new trees grow out of the old. it's a metaphor. it's real. when we lose something big in the economy. it's vital we know how to recon fissi
>> well,, you know, i like the core metaphor in describing the economy and the interaction of the economy and the society is reinforced. and when we go the rain forest whether it's the pacific northwest or amazon, you have the sense of life around you. the complexity. that's what human society is. right. the rain forest is a self-regulating environment. when we put regulations in we put government regulations in. part of self-regulation. when we self-regulate ourself we create rules for...
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the economy of the southern northern states was very very different and evey today, the economy in montana im very different from the economy and lower manhattan. and we found a way to deal with that and to regulate it. the same is true in europe in the same is true in china and the same is true in india and brazil. india. same is the same is true and brazil. this country deals with gaps between the rich and poor, agriculture, and earthen industrialize an evolving in much the same way that we're going to have to on the global stage for a the problem has been solved and can be solved. >> host: good afternoon, we have a caller from new york city. >> caller: hello, i'm so happy you're taking my call. my question is this fiscal cliff that we are approaching. if president obama allows it to happen, what kind of catastrophe are you talking about? i'm kind of concerned? so negatively will this affect the industry? how bad will it really be out there on wall street and main street? >> guest: well, let's say there are a bunch of people where the congress is
the economy of the southern northern states was very very different and evey today, the economy in montana im very different from the economy and lower manhattan. and we found a way to deal with that and to regulate it. the same is true in europe in the same is true in china and the same is true in india and brazil. india. same is the same is true and brazil. this country deals with gaps between the rich and poor, agriculture, and earthen industrialize an evolving in much the same way that...
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economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's start with paul. paul, you talked about and this depression now. a lot of people don't believe we could end this now. but agency deutsch human beings have to take on this challenge? something that is recognizably the same kind of animal. we victimize it is the same technology still there and skills are still there. look back to the 1930's and there are a lot of people making the argument that there were no easy answers and you could quickly get out of this [inaudible] and the 1939 and these are fundamental problems and if we want to make progress to cut unemploy
economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's...
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>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly, sooner is better than later. >> you've been doing this for a long time. the past 24 hours, is this the necessary public posturing that needs to go on or is there a serious stalemate right now? >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me in the last three weeks, i've been very guarded because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when -- when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a
>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly,...
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the chinese economy is unsustainable. it's too dependent on global growth and not dependent enough on the consummittion story we're talking about. if they can shift the focus in china, that will be a great long-term story. >> susie: nicholas consonery asia analyst at the eurasia group. >> tom: apple's iphone 5 got the okay from chinese regulators. the smartphone will go on sale there in about two weeks. it's an important market for apple. in recent months, apple's market share in china has been cut in half to just 10%, something blamed on the lack of the model there. the iphone 5 is expected to be a big hit in china. next friday its newest ipad and ipad mini will hit stores there too. >> susie: greece is one step closer to getting $57 billion in bailout loans. german lawmakers approved the deal reached earlier this week. greece agreed to measures that will drastically reduce its debt over the next seven years. european stock markets and the euro rose on the news. here on wall street, tom, a neutral day on most people here
the chinese economy is unsustainable. it's too dependent on global growth and not dependent enough on the consummittion story we're talking about. if they can shift the focus in china, that will be a great long-term story. >> susie: nicholas consonery asia analyst at the eurasia group. >> tom: apple's iphone 5 got the okay from chinese regulators. the smartphone will go on sale there in about two weeks. it's an important market for apple. in recent months, apple's market share in...
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>> well, i think the bigger issue higher tax rates slow down the economy and in a slow economy as we're facing now to be raising rates even higher, i can't imagine any economist really supporting that, regardless what is going on the fiscal side. melissa: you're sing this is the entire wrong conversation to be having anyway, talking about taking more money away from individuals and giving it to the govnment is not good for the economy no matter what? >> exactly. particularly when the economy is weak. even keynesian economists will tell you that is not the rightime to raise taxes. >> i don't think so. we have a lot of kensyians are saying there is no demand. government has to make up for the demand that doesn't ext from consumers. that means you have to give them money to go out there and spend, no? >> they wld say you spend but noo say tax at the same time. they would say that will counteract whatever spending you do, the tax increases. i think what you need to do is actually cut spending. at a minimum keep taxes where they are. be betterf you could even reduce them. if you need to rais
>> well, i think the bigger issue higher tax rates slow down the economy and in a slow economy as we're facing now to be raising rates even higher, i can't imagine any economist really supporting that, regardless what is going on the fiscal side. melissa: you're sing this is the entire wrong conversation to be having anyway, talking about taking more money away from individuals and giving it to the govnment is not good for the economy no matter what? >> exactly. particularly when...
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economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and this dave thank you so much for being on the show. very good to be here we're going to have you because you have said and i would definitely agree the bubbles have received bad press whether we're talking about the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now. well the first thing as you've said is that bubbles are bo
economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book...
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economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of taxes not as needing to be low but of the return from those taxes of needing to be high. now traditionally, richard, that worked in europe. now it doesn't. they got the math badly wrong. so what once provided a high return is now an utter failure which makes america a tax bargain. but that is going to change, too, richard. so the solution is to move to canada where taxes are low, government offerings are high. you, sir, can come and live with me and sleep on my sofa. >> and here we go. whoever thought that this was going to be the
economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of...
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consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ it's called passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. so does aarp, serving americans 50 and over for generations. so it's no surprise millions have chosen an aarp dicare supplement insurance plan, insured by
consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than...
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as soon as it is result, you will see the economy began to kick again. but we are all very active in contacting our representatives and senators. [inaudible] >> we tell them a couple things. one is to bipartisanship and and got this thing objectively because this will be an issue in their next campaign if that's where their heads around. more importantly in the economic welfare of this country politics has to go aside. [inaudible] unless the wealthiest americans are willing to stand up and say we need to acquire deeper income tax rates, republicans are going to cover to do politically. a lot of you fall in that category. is there anyone willing to step forward and say you support this or you advocated this during meetings? >> i'm going to comment because one of the things we don't want to do is help negotiate or that because they are in the midst of really some tough negotiations. what i heard about the meetings today is people coming forward saying they might be part of the solution were not going to tell them how you fix the problem. we are not advocat
as soon as it is result, you will see the economy began to kick again. but we are all very active in contacting our representatives and senators. [inaudible] >> we tell them a couple things. one is to bipartisanship and and got this thing objectively because this will be an issue in their next campaign if that's where their heads around. more importantly in the economic welfare of this country politics has to go aside. [inaudible] unless the wealthiest americans are willing to stand up...
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oid at large scale create a new economy from the canal mania of the seventeen eighties through the success of railroad booms of the nineteenth century and on to the great electrification bubble of the one nine hundred twenty s. and of course our own beloved dot com telecom bubble of the late nineteenth nine days which gave us the infrastructure of the internet and the digital economy which we are living learning now to explore and enjoy these were not have happen the physical assets would not have been deployed had it not been for speculative financial mania and why is that. because these new technologies and the massive investment and networks necessarily necessary to make them accessible and available cannot be valued upfront we cannot know what the net present value as the financial economists would have us believe of the future cash flows of these new technologies these new networks will be until they're actually built we live in a world of uncertainty where the hoped for rational expectations of the mainstream classical economists are simply unavailable and therefore irrelevant so the
oid at large scale create a new economy from the canal mania of the seventeen eighties through the success of railroad booms of the nineteenth century and on to the great electrification bubble of the one nine hundred twenty s. and of course our own beloved dot com telecom bubble of the late nineteenth nine days which gave us the infrastructure of the internet and the digital economy which we are living learning now to explore and enjoy these were not have happen the physical assets would not...
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they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not get hung up on spain. what i want to come back to is the usa. because our market has not collapsed, it's really different than it looks like it was back in 2011. i just want to ask, is it better to own those low-rate bonds right now? or jim la camp, i want you both to weigh in quickly. is it better to own corporate bonds or treasury bonds during this tiff over the fiscal cliff, or is it better to own stocks? real quick. >> well, short term we're going to have a lot of gyrations. but those yields are under the inflation rate. you're getting negative real returns on these. that's one of the reasons the stock market has been more buoyant. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> y
they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not get hung up on spain. what i want to come back to is the usa. because our market has not collapsed, it's really different than it looks like it was...
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but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party. hopefully they will wake up to that. at some point washington works for us and not them. why can't they sacrifice and spend less of wour money so we don't have to pay more. a union blitz against private companies is a victory by big labor about to drive up the fax spill. wait until you hear this coming up next. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas d
but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party....
SFGTV2: San Francisco Government Television
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what would you like to change about the city's approach to developing economies? >> in the chair of the land use committee this year, and i was vice chair last year with our former chair from the bayview hunters point area. i guess i approach land use and economic development from a different perspective. i'm not against development, but i want it to be equitable so we look at the lowest income populations or even middle income populations so that residents have a strong say as development moves forward, whether it is the park ridge said development in the southern, western part of the city or even treasure island with there's many low-income families that currently live there. but it is a strong voice for the residents that currently are there. we also want to see new people moving into the city, and hopefully, we focus also on families and housing that provides better homes and home opportunities for families, but i always say that i support equitable development. i also do feel that big business and downtown interests usually dominate the discussion on developm
what would you like to change about the city's approach to developing economies? >> in the chair of the land use committee this year, and i was vice chair last year with our former chair from the bayview hunters point area. i guess i approach land use and economic development from a different perspective. i'm not against development, but i want it to be equitable so we look at the lowest income populations or even middle income populations so that residents have a strong say as...
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bubble of the late ninety nine days which gave us the infrastructure of the internet and the digital economy which we are living learning now to explore and enjoy these were not have happen the physical assets would not have been deployed had it not been for speculative financial mania and why is that because these new technologies and the massive investment and networks necessarily necessary to make them accessible and available cannot be valued upfront we cannot know what the net present value as the financial economists would have us believe of the future cash flows of these new technologies these new networks will be until they're actually built we live in a world of uncertainty where. the hoped for rational expectations of the mainstream classical economists are simply unavailable and therefore irrelevant so then you're given some examples of historically some major transitions in enervation that wouldn't have occurred without bubbles but would that have you encouraging certain kinds of bubbles are saying that those are necessary looking forward or is this just something that you know y
bubble of the late ninety nine days which gave us the infrastructure of the internet and the digital economy which we are living learning now to explore and enjoy these were not have happen the physical assets would not have been deployed had it not been for speculative financial mania and why is that because these new technologies and the massive investment and networks necessarily necessary to make them accessible and available cannot be valued upfront we cannot know what the net present...
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it cost the economy $17 billion. cbs news las angeles. >> a lot of people about to spend several hours in nasty weather this weekend. the 30th california international marathon which runs from folsom to sacramento will start as scheduled 7:00 sunday morning. that means about 15,000 people will run 26 point -- well i don't know if they'll run it. some will walk. 26.2-miles in whatever the conditions bring. paul deanno here to tell us when we might see the absolute worst the storm system has to offer. >>> i'm not sure if you can pick a worst time to start a marathon. sunday. 7:00. yeah you know. some would argue there's no good time to start marathon but our producer will run it and he's going to be very soggy. we have scattered showers and the roads are wet. heading towards san francisco. it's 59 degrees. hello. high definition doppler radar. strongest radar in town. active this morning. less this evening. we're in break between weather systems a few light showers south to walnut creek. pleasant hill. the rain will pi
it cost the economy $17 billion. cbs news las angeles. >> a lot of people about to spend several hours in nasty weather this weekend. the 30th california international marathon which runs from folsom to sacramento will start as scheduled 7:00 sunday morning. that means about 15,000 people will run 26 point -- well i don't know if they'll run it. some will walk. 26.2-miles in whatever the conditions bring. paul deanno here to tell us when we might see the absolute worst the storm system...
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and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certai
and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to...
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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. >> john than what does that do to the economy over all? >> it hurts the economy. any time the government involves in ethanoyl or kid's education or health care or housing it lead toz destruction. the pearl student loan went up five percent. 85 percent of that is held by the government. 10 percent delingquency and goes to 15 or 20 and the taxpayer is is left on the bottom floor. >> julian, you think the government should get out of student loan business. that is rough the payment of debt. >> i think everyone agreed that a college education is critical to the country's competiveness. if you have a college education you are less unemployment and will earn more income. we need to reform the system. we took banks out as middle man and republicans opposed that . we need to cut the waste out. let me finish the point fimay. the law signed will give students flexibility to pay back under the condition they pay back the loans and that is important reform as well tracey is right. the principle issue is whether kids coming out of the college have an opportunity to get a job.
. >> john than what does that do to the economy over all? >> it hurts the economy. any time the government involves in ethanoyl or kid's education or health care or housing it lead toz destruction. the pearl student loan went up five percent. 85 percent of that is held by the government. 10 percent delingquency and goes to 15 or 20 and the taxpayer is is left on the bottom floor. >> julian, you think the government should get out of student loan business. that is rough the...
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if you think about -- remember the economy. >> i've heard of the economy, yes. >> the unemployment rate is still way too elevated. 7.9%. gdp got a pop but most of us agree it is growing well too slowly. this is our biggest near term problem. our biggest near term problem is not the budget deficit. that is a long-term problem, a serious problems, we have a chance to do something about it. . if we can at the same time, help the 2013 economy by giving it a bit of a boost, that means a lot to workers, their paychecks, job availability. i'm very happy to see that was in there. >> when you look at the white house's proposal, what do you think they think they can actually get? >> i think they think they can get the increase in the top rates. that's the biggest kind of thing to finally break the mold on that, to really push back against the kind of grover norquistian asymmetry. i think they can get that. i'm not sure we end up at 396 for the top rate, but i think they will get that. i think probably by giving some on the entitlements as is in their opening bid, they will be able to get back to
if you think about -- remember the economy. >> i've heard of the economy, yes. >> the unemployment rate is still way too elevated. 7.9%. gdp got a pop but most of us agree it is growing well too slowly. this is our biggest near term problem. our biggest near term problem is not the budget deficit. that is a long-term problem, a serious problems, we have a chance to do something about it. . if we can at the same time, help the 2013 economy by giving it a bit of a boost, that means a...
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we're burning a lot more coal relative to the economy than we are now. there are control freaks out there. there are control freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never a consensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one person they were quoting. with all due respect to you, ben, as you like to say, i'll go with the scientists over your opinion on global warming, this is someone who studies it for a living. >> and there are many who have a very different point of view. >> there are a million of people who study it. >> adam, the consensus has not been met among scientists on this issue or that it actually plays a part in the global warming phenomenon they've come up with somehow, so you should probably know that there is not a collective viewpoint.
we're burning a lot more coal relative to the economy than we are now. there are control freaks out there. there are control freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never a consensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is...
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global economy. the great russian laureates. prevailing over houses and asperity. to reenact an epic parade through paris. can they complete triumph. with people's admiration for two hundred. books. more news today violence is once again fled up the face these are the images the world has been seeing from the streets of canada. giant corporations are today. do we speak your language or not a day of. school music programs and documentaries and spanish more matters to you. use a little tonnage of angola's kidneys stories or. are you here. to enjoy all teach spanish find out more visit.
global economy. the great russian laureates. prevailing over houses and asperity. to reenact an epic parade through paris. can they complete triumph. with people's admiration for two hundred. books. more news today violence is once again fled up the face these are the images the world has been seeing from the streets of canada. giant corporations are today. do we speak your language or not a day of. school music programs and documentaries and spanish more matters to you. use a little tonnage of...
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it's only going to make it harder for our economy to grow and if our economy doesn't grow, americans don't get new jobs and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a biparty an solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign, the president pledged to the american people that he would seek a balanced approach to addressing the debt, a combination of new revenues and spending cuts. so the day after the election, i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reform. now, the white house took three weeks to respond with any kind of a proposal and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code t
it's only going to make it harder for our economy to grow and if our economy doesn't grow, americans don't get new jobs and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a biparty an solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign, the president pledged to the...
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the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens again.
the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create...
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he focused on the economy. and he was disciplined. so people sort of got the message, wink, wink, yeah, i'm pro-life, but i'm not going to change the law. in california he didn't sign a pro-choice position. he wasn't anti-gay. in other words, the emphasis he put on the job creation and the economy is what got him elected. your guy this time, romney, was all over the place getting stuck with positions that the public didn't want. >> but if you watch romney, he basically talked about mostly jobs. i don't recall him being out there with a great big pro-life position. do you? >> well, i thought he was. >> no. >> your platform said 14th amendment rights for the unborn. >> i think in every speech he gave he talked about jobs, jobs, and jobs. i think in the end -- a couple things happened. one, he didn't have an ideology. two, he ran a scorched earth primary campaign which caused people with all the other campaigns not to lift a finger for him. they might have voted for him, but they didn't lift -- >> they tell us, karl rove conceded he knew
he focused on the economy. and he was disciplined. so people sort of got the message, wink, wink, yeah, i'm pro-life, but i'm not going to change the law. in california he didn't sign a pro-choice position. he wasn't anti-gay. in other words, the emphasis he put on the job creation and the economy is what got him elected. your guy this time, romney, was all over the place getting stuck with positions that the public didn't want. >> but if you watch romney, he basically talked about mostly...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. ♪ neilwe paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on diculous -- ridiculous projects. stop all stimulus unds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope...
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you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion that we're spending. so, we're going to need a balanced approach of both revenue and spending cuts to teat there. so, that's what the president has been talking about and certainly something i can support. >> "the wall street journal" today senior administration officials say the white house not making any new offers until republicans change their opposition to raising top tax rates in this country. as a businessman, that would be directly affected by an impasse like that, as would millions of americans. how do you feel about that? >> how i feel, i'm 100% confident we'
you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion...
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we immediately have to start transforming our economy to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and
we immediately have to start transforming our economy to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and
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Dec 1, 2012
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our problem today with the palestinians is not to help them, not to develop their economy, but to deal with corruption in their ministration. we draw our conclusions in this situation as we have today. we will try to compensate all of our losses, especially with our electricity company. we will respect all of our obligations, but it is not our duty to pay every month the mahmoud abbas apparatus. >> you will cut back. >> i am sure iran will pay all of his debts and for all of his problems, no doubt. >> a question from this side of the room which i have ignored. and wonder if he could get the microphone. >> thank you. my name is muhammed. i'm the ambassador of egypt. someone next to me at the table suggested it would be a good idea if i gave my own interpretation of the subjects the honorable minister has expressed. i think that would take a couple of hours. i will make a few remarks, and in the and i will ask a question. >> really heavyweight, all questions. >> first of all, regarding the arab spring, specifically countries like egypt. we do have poverty and disparities in income, and w
our problem today with the palestinians is not to help them, not to develop their economy, but to deal with corruption in their ministration. we draw our conclusions in this situation as we have today. we will try to compensate all of our losses, especially with our electricity company. we will respect all of our obligations, but it is not our duty to pay every month the mahmoud abbas apparatus. >> you will cut back. >> i am sure iran will pay all of his debts and for all of his...
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>> i think the key is the economy. these disparities, the economy, it is the main reason for. you must understand the biggest problem in the arab world for the palestinians come up the middle class does not exist. the backbone of a very stable country, democratic countries, prosperity is it the existence of the middle-class. what you have and egypt is a disparity between a very rich oligarch. the problems of what you have in europe, the most successful countries like switzerland, norway, 90% is a successful middle-class. they must develop the middle class. it is impossible to build a democratic country, a tolerant country that is ready to coexist. >> you cannot move to scandinavia. that is not one of the options for israel. let me ask you this question. as opposed from lurching from conference to conference, when you think over a 10-year or 20- year horizon, given your pessimism about the palestinians, think about it further out. what is it that we in america are helping you attain? is it to continue the status quo? is it to have a negotiated peace? >> i completely agree with
>> i think the key is the economy. these disparities, the economy, it is the main reason for. you must understand the biggest problem in the arab world for the palestinians come up the middle class does not exist. the backbone of a very stable country, democratic countries, prosperity is it the existence of the middle-class. what you have and egypt is a disparity between a very rich oligarch. the problems of what you have in europe, the most successful countries like switzerland, norway,...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia.
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia.
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it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: shold everyone have a college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we have in place is nothing short of immoral. we are putting students that it is economically imperative for them to get an education, but then we are putting them in that situation a situation was. not only are there no jobs, starting with 30,000 dollars of debt is not a way to start your life. gerri: let's get marked in him. i'm going to give you more time. we would like to get more time. mark, is it asinine to these kids start their lves with so much debt and give it to everybody? >> well, college benefits -- the students who have college degrees earn 70 to 80% modents e degrees earn 70 to 80% more. the federal government gets twice as much federal inco
it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: shold everyone have a college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we have in place is nothing short of immoral. we are putting students that it is economically...
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minister has defended the package, saying that a greek bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that restructure's degree budget and economy with as few costs and risks as possible for both germany and your -- europe. it is our goal and must remain our goal that greece at some point must shoulder its debts on its own and that the markets accept greece as a creditor. >> athens still has a long way to go before that happens. german lawmakers acknowledge the sacrifices greeks have already made and understand the ongoing protests. the necessary measures are hitting a lot of people hard. the new bailout package is worth 44 billion euros. germany will bear 730 million of that in the coming year. the opposition accuses the governm
minister has defended the package, saying that a greek bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that...
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work hard to deliver local transportation projects, make sure we have policies that help our local economy, but the work that i've done in the first few weeks here, reaching out across the aisle to those 80 or some-odd members of congress who will be new just like me, i think it's those early partnerships during these formative times as we start to learn how the congress works, that's going to pay dividends down the road. so i can go to a member across the aisle, and because of the bond we formed in this opening orientation part of our service, i think that will serve the people in the 15th congressional district very well. >> congressman elect, save travels to you. >> thank you. please have me back. >> you bet. >>> thank you so much. have a great weekend. and you can visit kqed/thisweek to subscribe to the newsletter and podcast. i'm scott shore. thank you so much for watching. good night. gwen: are we really heading for a fiscal cliff? and is the senate prepared to reject the presidential nomination before it's even made? welcome to post-election politics tonight on "washington week." >>
work hard to deliver local transportation projects, make sure we have policies that help our local economy, but the work that i've done in the first few weeks here, reaching out across the aisle to those 80 or some-odd members of congress who will be new just like me, i think it's those early partnerships during these formative times as we start to learn how the congress works, that's going to pay dividends down the road. so i can go to a member across the aisle, and because of the bond we...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps diolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. go
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores...
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they're salient to our economy. more than any traded economy the price of gas has a direct impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. once again. in fact, many people are flocking to places like this place here in davis to find the cheapest gas prices around. right now a gallon of unleaded costs you $4.13. last week, gas jumped 16 cents at many gas stations in california. prices are expected to go up another 20 cents in the next few days. >> gas prices go up and down. right? there's supply and demand. every once in awhile like in that report, there's a dramatic spike. the weird thing about that particular gas price spike in may that sparked that news report is that that gas price spike was really isolated. gas prices went way up in california, even as gas prices everywhere else were going down. and at the same time that gas prices were going way up in california, crude oil prices were going down. and even weirder,
they're salient to our economy. more than any traded economy the price of gas has a direct impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. once again. in fact, many people are flocking to places like this place here in davis to find the cheapest gas prices around. right now a gallon of unleaded costs you $4.13. last week, gas jumped 16 cents at many gas stations in california. prices are...
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if you affect it by that price spike, it really does affect day-to-day consumers and our economy and jobs and everything else. >> do you believe the department of justice is capable of mounting this investigation? in a rigorous way? that they have the tools that they need? do they have a track record of investigating stuff like this well? >> they do have the tools they need. why we're asking the department of justice to be involved now, in addition to the ftc, is that the investigative arm of the department of justice can marry up with the regulatory authorities that agencies like the commodities future trading commission have, or other agencies, and do a comprehensive report, you know, approach to get all of the data. this task force existed before when it tried to tackle the enron problem. another area of energy, electricity, but an area where we saw a lot of the same schemes being perpetrated on the public, you know, by people moving supply around or creating images about supply that really weren't true. in this case, it appears that there's some evidence that we want them to inve
if you affect it by that price spike, it really does affect day-to-day consumers and our economy and jobs and everything else. >> do you believe the department of justice is capable of mounting this investigation? in a rigorous way? that they have the tools that they need? do they have a track record of investigating stuff like this well? >> they do have the tools they need. why we're asking the department of justice to be involved now, in addition to the ftc, is that the...
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they are sailing it because they are sail yant to our economy, the price of gas has an impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. many people are flocking to places like this to find the cheapest gas prices around. right now a gallon is going to cost you $4.13. last week it jumped 16 cents. prices are expected to go up another 20 cents in the next few days. >> gas prices go up and down. there's supply and demand. every once in awhile like in that report, there's a dramatic spike. the weird thing about that particular gat spike in may that sparked that report was that that spike was really isolated. gas prices went way up in california, even as gas prices everywhere else were going down. and at the same time that gas prices were going up in california, crude oil prices [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ an
they are sailing it because they are sail yant to our economy, the price of gas has an impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. many people are flocking to places like this to find the cheapest gas prices around. right now a gallon is going to cost you $4.13. last week it jumped 16 cents. prices are expected to go up another 20 cents in the next few days. >> gas prices go up and...